The two examples of economic forces within a company's general environment are
What is unemployment rate?
- The percentage of workers in the labor force who do not currently have a job but are actively seeking one is measured by the unemployment rate.
- This statistic excludes people who have not sought for job in the last four weeks. It's critical to remember that the rate does not represent the total population; rather, it represents the percentage of job seekers who are unemployed and actively looking for work.
- The unemployment rate fluctuates for a number of reasons. A change in the labor force's size may have an impact on the unemployment rate, even though a change in the number of job seekers is the obvious cause. Workers exit the labor force when they lose hope and cease looking for work.
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